Payment of fees by Stock Brokers

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.... by Stock Brokers SEBI has notified the SEBI (Stock Brokers and Sub Brokers) (Third Amendment) Regulations 2006 vide notification No S.O.1600(E) dated 25th September 2006 inserting Schedule III-A and amending Schedule IV of the SEBI (Stock Brokers and Sub Brokers) Regulations, 1992 (hereinafter referred to as 'Regulations'). The Notification is available on SEBI website - www.sebi.gov.in &nb....

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....tiple memberships are required to report off market transactions on the respective stock exchanges and shall be required to pay the fees only at the one stock exchange as opted by the stock broker. For this purpose the stock broker shall be required : a.      to express in writing the name of the stock exchange where the off market transactions be included for the....

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....ges shall amend their bye laws, Rules, Regulations as may be required to give effect to the amended Regulations so as to facilitate collection of fees and deposit the same with SEBI as specified in sub clause (1) of Clause 5 of Schedule III A of regulations and sub clause (1) of Clause 3 of Schedule IV of said regulations. 5.    The stock exchanges are also advised to : ....